Watch Live: Powell Addresses Room Full Of Economists As October Rate-Cut Odds Soar

For the first time since a slew of economic data released over the past week helped ratchet up odds for another Fed rate cut in October, Fed Chairman Jerome Powell will speak Tuesday at the National Association for Business Economics’ annual meeting in Denver.

Just before Powell speaks, the odds of a rate cut in October hovered just over 75%.

Source: Bloomberg

If Powell is truly data-dependent and seeking insurance for the trade deal, then recent events suggest he will be more dovish than hawkish…

Source: Bloomberg

As macro data surprises begin to disappoint serially…

Source: Bloomberg

Following Powell’s prepared remarks, there will be a brief Q&A. Powell is expected to begin speaking at around 2:30 PM ET.

Watch live below (Powell’s prepared remarks are due to start at 1430ET):

Grab your popcorn.